Candidate steve forbes, im going to let you talk amongst yourself and let you talk, so interesting what you have to say about all the topics for the day and whats going on in this country whether its china trade, im going to sit back. Dagen, you never sit back, not for long. Dagen is that a compliment . [laughter] dagen former u. S. Attorney on new immigration rules of birthright citizenship, a lot of confusion, here to clear it up, member of the House Appropriations Committee Chuck on china, former Senior Adviser to george w. Bush, karl rove and brian kelly on lastminute Labor Day Travel destinations, you do not want to miss any of those fine gentlemen. Right here right now signs of hope sparking rally, futures to the plus side bigtime this morning at 245point gain on dow futures, china says it will not retaliate against latest rounds of tariffs set to go into effect on sunday, chinese spokesperson saying that the country hopes to instead discuss removing the new tariffs in order to p
James freeman. Much made of the inversion of the yield curve between twoyear yield on the treasury and the 10year, but what do you make of the markets right now . Well, we had really a trifecta, the poor numbers out of china with Industrial Production worst numbers in 17 years. We had a poor number for germany, gdp negative, second time in four quarters, fourth largest economy, the Worlds Largest economy in europe, of course, the inversion of the 2s to 10s that weve all been waiting on. We have seen other parts invert. This is the one recognized being symbolic for, predictor of possible recession and i think that most of the reaction was about. But as we look at the numbers and relative, mixed Economic Data, unemployment is still low, wage gains are still there, i think yesterday was reaction to a lot of scary data that came in, but we are still positive about the markets and we think that weve got some runway head here. Dagen lindsey to that point, the 10year yield closed 1. 596 . I w
With us and former president ial candidate Mike Huckabee and chairman of Laffer Associates, art laffer. Weve got an amazing lineup. You dont want to miss it. The top story is china trade. U. S. China negotiations picking up again tomorrow. Robert lighthizer and Steven Mnuchin arriving in china, theyll meet tomorrow with chinas vice premier. Talks this time are around what theyre going to look at Agricultural Products and huawei technologies. Jack, i want to go to you first. A lot of controversy over huawei being included in these talks. Its so interesting, because seven months ago i dont think too few people knew what huawei was in america. Or how to pronounce it. Im still learning. What do you make of the new trade talks with lowered expectations. If youre a stock investor, i think this is a good starting point for you with expectations low. We had past talks where we expected a big, grand deal. I dont expect anyone talking about that now. Theyre talking about Agricultural Products an
Why am i smiling, author of upcoming persuasion, lee carter is here, new mom as well. You look amazing. What a day for you to be back, too, i cant wait for calm, rational analysis of the war of words. [laughter] dagen former investment banker and nfl player. Record run, futures are pointing to, take a look, at hope this morning, 16point loss on dow futures, the earning season fully underway, jpmorgan, chase and Goldman Sachs reporting ahead of opening bell while fargo released quarterly number this hour, john, what are you watching for and what are you expecting . I think we will see fairly recent reports, you will probably see Companies Beat expectations, stilet not forget that the consensus view of Equity Analyst is in the Second Quarter we will see roughly 3 drop, we are seeing the first back to back decline by corporate earnings since early 2016, nevertheless, i dont think the current slow do you know will match the severity of global slowdown we had in 2015, 2016, so the market sh
State new tonight louisianas governor asked the Trump Administration for a declaration of emergency the governor already authorized activating up to 3,000 members. The Louisiana National guard, the amount of water expected from barry is a big concern. This will be the first that weve had a hurricane making fall in louisiana while the mississippi river. And those at flood stage. Officials are expected to close dozens of flood gaze to try to help lower the flood risk just over easter is tracking their us mary for us right now every so how close is it to making landfall at this point. Well right now the timing of Tropical Storm barry will either make landfall either friday night or Early Saturday Morning and right now. The outer bands of this severe storm system already impacting not just the state of louisiana, but the Florida Panhandle as well parts of louisiana. Already received more than 10 inches of rain in addition to the 10 plus inches of rain expected through the weekend once Trop